Cisco set to invest in Coreweave at $23 billion valuation, Bloomberg News reports

FILE PHOTO: The logo of U.S. networks giant Cisco Systems is seen in front of their headquarters in Issy-les-Moulineaux, near Paris, France August 6, 2022. REUTES/Sarah Meyssonnier/File Photo

(Reuters) - Cisco Systems is set to invest in Coreweave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter.

(Reporting by Akash Sriram in Bengaluru; Editing by Mohammed Safi Shamsi)